HomeMy WebLinkAbout1975 02-25 Maplewood manager advises council to purchase golf course REVIEW AAäi
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City Manager Michael 1 elusive of the building, and additional recrea- He said the course has
Miller has recommended is$380,000. tional opportunities." averaged an annual prof-
that "Maplewood pur- • An additional $125,000 He said financing the it of$40,663 since 1969.
chase, a nine hole, par would be required for purchase can be handled
three golf course. the building. entirely through the sale Councilmen wondered
HE INSISTS that the Ban Con had original- of industrial r e v e n u e why Ban Con was will-
ly proposed a $725,000 bonds. ing to sell a "profit-
city can operate the Ma- acka e maker."
ple Hills course, at Park- p g . THE COURSE portion
way Drive and Hwy. 61, THE CITY council,ata of the i s s u e, some A spokesman for the
at enough. of a profit to meeting last Thursday $380,000, involves annual company said: "We
repay a $506,250 bond is night, referred the pur- principal and interest think we are pretty good
sine chase proposal to the • payments of $35,800, he builders, but lousy golf
planning commission for noted. course managers."
Presently 'owned by study and a.recomnien- '., --
'Ban Con Inc., a building j_ ation.
contractor, the 21-acre "It appears that, prop-
' acquisition would also • erly constructed,the pur-
include a one-story of- chase can prove to be a
< fice building. • profitable venture for
T H E NEGOTIATED the city," Miller stated,
price for the course, ex- "in terms of both money